The Ultimate List Of USD Denominated Stocks On SGX

USD Denominated Stocks On SGX

Did you know that there are actually stocks that are denominated in USD on the SGX?

Which stocks are these and how do you go about buying them?

Here’s what you need to know:

USD denominated stocks on SGX

Here is a list of USD denominated stocks, REITs and business trusts that can be traded on the SGX:

Stock NameSGX Ticker
Dairy Farm International HoldingsD01
HongKong Land HoldingsH78
Jardine Matheson HoldingsJ36
Jardine Strategic HoldingsJ37
Mandarin Oriental InternationalM04
Prudential PLCK6S
Tianjin Zhong Xin GroupT14
Manulife US REITBTOU
Keppel Oak US REITCMOU
Prime US REITOXMU
United Hampshire REITODBU
Hutchison Port Holdings TrustNS8U
ARA US Hospitality TrustXZL
Eagle Hospitality TrustLIW

You can view the entire list of stocks on SGX’s website.

There are a total of 14 securities that are denominated in USD on the SGX. This includes:

  1. 7 stocks
  2. 4 REITs
  3. 3 business trusts

Interestingly, none of the 4 REITs are found in the iEdge S-REIT Index which Syfe REIT+ tracks.

All of these securities require you trade in multiples of 100 units.

USD denominated ETFs on SGX

There are 21 USD-denominated exchange-traded funds (ETFs) which are listed on the SGX.

These funds buy into a basket of stocks or other assets, and can be traded on the SGX.

Here are the 21 ETFs that you can trade:

ETF NameSGX Ticker
SPDR Gold Shares USD087
iShares J.P. Morgan USD Asia Credit Bond Index ETFN6M
iShares Barclays USD Asia High Yield Bond Index ETFO9P
iShares MSCI India Index ETFI98
Lion-OCBC Hang Seng Tech ETFHSS
Lyxor China Enterprise (HSCEI) UCITS ETFP58
Lyxor MSCI AC Asia-Pacific ex Japan UCITS ETFP60
Lyxor MSCI Emerging Markets UCITS ETFH1N
Lyxor MSCI India UCITS ETFG1N
NikkoAM-ICBCSG China Bond ETFZHD
NikkoAM-StraitsTrading Asia ex Japan REIT ETFCOI
Phillip SGX APAC Div Leaders REIT ETFBYI
Phillip Money Market ETFMMT
Principal FTSE ASEAN 40 ETFM62
Principal S&P Ethical Asia Pac Div ETFP5P
SPDR Dow Jones Industrial Average ETF TrustD07
SPDR S&P 500 ETF TrustS27
MSCI Singapore UCITS ETFO9A
MSCI China UCITS ETFLG9
MSCI Indonesia Swap UCITS ETFKJ7
FTSE Vietnam Swap UCITS ETFHD9
ICBC CSOP FTSE Chinese Government Bond Index ETFCYB

There are some ETFs which are denominated in both USD and SGD on the SGX. This includes:

ETF NameUSDSGD
ICBC CSOP FTSE Chinese
Government Bond Index ETF
CYCCYB
iShares J.P. Morgan USD
Asia Credit Bond Index ETF
N6MQL2
iShares Barclays USD Asia
High Yield Bond Index ETF
O9PQL3
iShares MSCI India Index ETFI98QK9
Lion-OCBC Hang Seng Tech ETFHSSHST
NikkoAM-ICBCSG China Bond ETFZHDZHS
NikkoAM-StraitsTrading
Asia ex Japan REIT ETF
COICFA
Phillip SGX APAC Div Leaders REIT ETFBYIBYJ
Phillip Money Market ETFMMTMMS
Principal FTSE ASEAN 40 ETFM62QS0
Principal S&P Ethical Asia Pac Div ETFP5PQR9
MSCI China UCITS ETFLG9TID

This gives you the option to invest in the same ETF using different currencies! It is suggested to invest in your home currency as you reduce foreign currency risk.

The minimum lot size for these ETFs can range from 5-100 units. Here are some of the minimum units for the different ETFs on the SGX:

Minimum
Lot Size
ETF(s)
5SPDR Gold ETF (O87)
iShares MSCI India Index ETF (I98)
10Lion-OCBC Hang Seng Tech ETF (HSS)
ICBC CSOP CGB ETF (CYC)
SPDR S&P 500 ETF Trust (S27)
100iShares Barclays USD Asia
High Yield Bond ETF (QL3)
iShares J.P. Morgan USD
Asia Credit Bond Index ETF (N6M)

There doesn’t really seem to be a trend between the ETF’s price and the minimum number of units. This is different compared to the HKEX, where the number of units depends on the ETF’s price!

ADRs

Another type of product that is denominated in USD are the American Depositary Receipts (ADRs).

ADRs are a US security which represents the ownership of shares in a foreign company.

These ADRs can be traded freely just like any other stock.

MoneySense

There are 16 ADRs which are listed on the SGX:

Company NameSGX NameSGX Ticker
Aluminium Corporation of ChinaACH ADR US$K3HD
Baidu IncBIDU ADR US$+K3SD 
China Eastern AirlinesCEA ADR US$ K3CD
China Telecom CorporationCHA ADR US$K3ED 
China MobileCHL ADR US$ K3PD
China Unicom (Hong Kong)CHU ADR US$ K3ID 
Hong Kong and Shanghai BankHBC ADR US$PU6D
Huaneng Power InternationalHNP ADR US$K3FD
Mizuho FinancialMFG ADR US$N6DD
MUFJ FinancialMTU ADR US$N5YD
Netease.com INCNTES ADR US$+K3MD 
PetroChina CompanyPTR ADR US$K3OD 
SinoPec Shanghai PetrochemicalSHI ADR US$K3DD 
Toyota MotorTM ADR US$N6FD
Trip.com Group LimitedTRIP ADR US$+K3RD
China Southern AirZNH ADR US$K3TD

The trading of CHA, CHL and CHU have been suspended on the SGX.

The ‘+’ at the end of each ticker represents ADRs that are single-listed. This means that these ADRs are only listed on the SGX!

Why are there USD denominated stocks listed on the SGX?

This could mainly be down to access. Some overseas investors want to invest in the ETFs listed on the SGX. However, they may not want to convert their home currencies into SGD.

As such, the USD-denominated ETFs may help to make these ETFs more accessible.

For the other REITs and stocks, they could be listed in USD because their assets are all in the US. This includes:

  1. Manulife US REIT
  2. Keppel Oak US REIT
  3. Eagle Hospitality Trust

How do I trade USD denominated stocks on the SGX?

The settlement currency that you can use to make a trade depends on the broker.

For example, there are some brokers like DBS Vickers which allow you to trade in either USD or SGD.

DBS Vickers Settlement Currency For USD Denominated Stocks on SGX

Here’s what each type of settlement currency means:

CurrencyMeaning
SGDYour SGD will be converted to
USD using the broker’s spread
USDYou are required to deposit USD
into your account to make the trade

You will need to decide which method is better for you! Settling in SGD is more hassle free, but you may not receive a favourable exchange rate.

This is because you will be subject to the broker’s spread! As such, finding a broker with a good spread is important.

This is especially so if you want to invest in these stocks for the long term!

You’ll also need to decide if you want to use your Cash or Cash Upfront account to make the settlement on DBS Vickers!

Other brokers require you to exchange currencies on their platform

There are other brokers like Tiger Brokers where you’ll need to manually exchange the currency on their platform.

Tiger Brokers Exchange SGD to USD

If you don’t exchange the currency before making a trade, you will incur leverage if you don’t have enough USD!

As such, you would need to deposit SGD into the account. Afterwards, you’ll need to manually exchange it into USD before making your trade.

How do I receive dividends from USD denominated stocks on SGX?

This is similar to how you can make your settlement in different currencies.

For brokers like DBS Vickers, you can receive your dividends either in USD or SGD.

Again, it depends on whether you prefer convenience or the hassle of exchanging money yourself.

However for Tiger Brokers, you will receive the dividends in USD. You will need to manually exchange it to SGD.

This applies to other brokers like Standard Chartered too!

Conclusion

There are quite a few USD-denominated products that are found on the SGX. When you want to purchase them, you will have to consider the settlement currency.

When you choose to settle in SGD, you are subject to the broker’s currency exchange rates. This is usually less favourable than the normal rates. As such, you may lose some of your returns due to these rates.

However, it may be the more convenient option if you only have SGD!

When you choose to settle in USD, you may be able to get slightly better rates elsewhere. If you have multi-currency accounts, these may provide better rates then the brokers’.

It may be more of a hassle, but you might be able to reduce the amount that you lose due to the fluctuating exchange rates!


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